Tag Archives: GBP/NZD
Weekly Forex & Interest Rate Outlook
NZD/USD Outlook: Neutral this week The NZD has struggled against a resurgent US dollar lately.
Weekly Commentary
A steep fall in world dairy prices at auction last weeksparked a flurry of questions from the market aboutwhether a key part of the New Zealand economy’s goodnewsstory is coming unstuck.
Weekly Commentary
Last week’s data has emphasised one of the importantthemes in the NZ growth story; that the current pickupin growth has become increasingly broad based.
Daily FX Wrap and Strategy
The NZD was the star performer over the past 24-hours. It sitsaround 0.8670 this morning.Yesterday morning brought another strong batch of NZ tradefigures.
Weekly Commentary
New Zealand’s economic performance over 2013 leaves it wellpositioned to achieve around 4% economic growth over 2014.That would be the fastest growth the economy has seen since2004.
Weekly Commentary
As was widely expected, the Reserve Bank lifted theOfficial Cash Rate to 2.75% last week, and signalled anextended series of hikes over the course of the next fewyears.
As Much As It Takes
Everyone expects the Reserve Bank to start taking its footoff the OCR accelerator at Thursday’s Monetary PolicyStatement. “Soon” has arrived, and not before time.
Weekly Commentary
Last week’s data largely supported our outlook for the NewZealand economy. New Zealand’s export commodity pricesrose to a new record, and the terms of trade edged up to seta fresh 40 year high.
Financial Markets Wrap – February: Full of Fight
– Recovering from January’s emerging-market sell-off, the NZD kicked higher as domestic strength reasserted itself
Weekly Forex & Interest Rate Outlook
Rallies in NZD/USD continue to be stymied by global mini-shocks, most recently tension in Ukraine and the engineered depreciation of CNY. Against that, NZ’s fundamental outlook remains solid,
Weekly Commentary
Events of the last week have underscored our view thatNew Zealand’s export performance will come to the foreas a driver of growth in 2014, a major theme of our latestquarterly Economic Overview.
Weekly Forex & Interest Rate Outlook
The slowdown in China’s growth has hurt the NZD but on the flip side, a soggy patch of US economic data has weighed on the US dollar. That has left NZD/USD in a neutral position, unable to breach the 0.8400 resistance area.